Question

The marked price of an item is Rs 1500 and 10% discount is given to make 20% profit.By what percent is dicount to be increased to get only 12% profit?

Answer 1

The discount needs to be increased by only 4% to get only 12% profit out of the whole transaction.

Step-by-step explanation:

Initially,

Marked price( M.P) = Rs. 1500

Discount = 10%

So, the discount is = 10% of 1500 = Rs. 150

So, the selling price (S.P) becomes = M.P Discount = Rs. 1350

Profit = 20%

Therefore, 120% of cost price( C.P) = 1350

So, C.P = Rs. 1125

Second case,

Profit= 12%

So the selling price is= 112% of 1125 = Rs.

1260

Now, the new discount becomes = Rs 1500-1260 = Rs. 240

So, the new discount % = (240/1500) x X

100 = 16%

Hence, discount percent has to be increased by 4.

Answer 2

Answer:

Discount percent has to be increased by 4.